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Economic Sophisms

Economic Sophisms

Frédéric Bastiat

1847

Translated by Patrick James Stirling

In 1847, a French economist decided to have some fun with the powerful. The result: a demolition of protectionist fallacies so brilliant, so gleefully satirical, that it still cracks open skulls two centuries later. Frédéric Bastiat was not interested in dry theory. He wrote dialogues, fables, and the famous "Petition of the Candlemakers," in which French candle manufacturers solemnly demand protection from the sun's unfair competition. The argument is absurd. That was the point. With lethal precision, Bastiat shows how economic restrictions that appear to protect workers actually rob consumers of cheaper goods and stifle innovation. He argues that policy should serve the many (consumers) not the few (privileged producers). The logic is relentless. The wit never stops. This is economic philosophy disguised as entertainment, and it remains devastatingly relevant in an age of tariffs and trade wars.

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''Economic Sophisms'' by Frédéric Bastiat is a collection of essays on political economy written in the mid-19th century...

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What gives this work its unique quality and places it among the classics of economic literature is not only the logical...

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Economic Sophisms
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